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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 03, 2021
Jul. 04, 2020
Operating Activities    
Net income $ 33,441 $ 421
Adjustments to reconcile net income to cash provided by operating activities of continuing operations:    
Income from discontinued operations, net of income taxes (77,088) (67,857)
Depreciation of property and equipment 8,184 7,711
Amortization of intangible assets and other assets 22,902 20,486
Amortization of debt discount and debt issuance costs 11,822 8,359
Loss on extinguishment of convertible debt 3,370 3,685
Stock-based compensation expense 22,620 24,461
Deferred income taxes (5,644) 1,177
Changes in operating assets and liabilities:    
Accounts receivable (4,377) 7,070
Inventories (4,447) 8,021
Prepaid expenses and other assets (5,489) 22,976
Accounts payable 14,711 (769)
Other current liabilities and income taxes (10,626) (15,480)
Deferred revenue and returns liability (175) 6,678
Other non-current liabilities (3,464) 1,146
Net cash provided by operating activities of continuing operations 5,740 28,085
Investing Activities    
Purchases of marketable securities (80,426) (199,347)
Sales and maturities of marketable securities 286,649 255,112
Purchases of property and equipment (10,779) (9,051)
Purchases of other assets (578) (820)
Acquisition of businesses, net of cash acquired   (316,809)
Net cash provided by (used in) investing activities of continuing operations 194,866 (270,915)
Financing Activities    
Proceeds from issuance of debt   845,000
Payments on debt (140,572) (597,446)
Repurchases of common stock (18,982) (16,287)
Payment of taxes withheld for vested stock awards (19,732) (16,756)
Proceeds from the issuance of common stock 8,388 7,757
Net cash provided by (used in) financing activities of continuing operations (170,898) 222,268
Discontinued Operations    
Operating activities 72,674 72,418
Investing activities (2,018) (1,343)
Net cash provided by discontinued operations 70,656 71,075
Increase in cash and cash equivalents 100,364 50,513
Cash and cash equivalents at beginning of period 202,720 227,146
Cash and cash equivalents at end of period $ 303,084 $ 277,659